Coda Octopus Group Stock Beta
| CODA Stock | USD 9.00 0.02 0.22% |
Coda Octopus Group fundamentals help investors to digest information that contributes to Coda Octopus' financial success or failures. It also enables traders to predict the movement of Coda Stock. The fundamental analysis module provides a way to measure Coda Octopus' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Coda Octopus stock.
Coda | Beta |
Coda Octopus Group Company Beta Analysis
Coda Octopus' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Coda Octopus Beta | 0.53 |
Most of Coda Octopus' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Coda Octopus Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Coda Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Coda Octopus is extremely important. It helps to project a fair market value of Coda Stock properly, considering its historical fundamentals such as Beta. Since Coda Octopus' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Coda Octopus' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Coda Octopus' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Coda Octopus Group has a Beta of 0.526. This is 61.61% lower than that of the Electronic Equipment, Instruments & Components sector and 43.44% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Coda Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Coda Octopus' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Coda Octopus could also be used in its relative valuation, which is a method of valuing Coda Octopus by comparing valuation metrics of similar companies.Coda Octopus is currently under evaluation in beta category among its peers.
Coda Octopus Current Valuation Drivers
We derive many important indicators used in calculating different scores of Coda Octopus from analyzing Coda Octopus' financial statements. These drivers represent accounts that assess Coda Octopus' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Coda Octopus' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 59.3M | 91.3M | 69.7M | 73.5M | 66.1M | 69.4M | |
| Enterprise Value | 44.7M | 73.7M | 46.8M | 49.0M | 44.1M | 26.1M |
Coda Octopus ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Coda Octopus' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Coda Octopus' managers, analysts, and investors.Environmental | Governance | Social |
Coda Octopus Institutional Holders
Institutional Holdings refers to the ownership stake in Coda Octopus that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Coda Octopus' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Coda Octopus' value.| Shares | Citadel Advisors Llc | 2024-09-30 | 26.7 K | Northern Trust Corp | 2024-09-30 | 25.4 K | Advisor Group Holdings, Inc. | 2024-09-30 | 25.2 K | Commonwealth Equity Services Inc | 2024-09-30 | 13.1 K | State Street Corp | 2024-09-30 | 13 K | Royal Bank Of Canada | 2024-09-30 | 11.8 K | Virtu Financial Llc | 2024-06-30 | 11 K | Renaissance Technologies Corp | 2024-09-30 | 10 K | Buckingham Capital Management, Inc | 2024-09-30 | 10 K | Tocqueville Asset Management L.p. | 2024-09-30 | 443 K | Touchstone Capital, Inc. | 2024-09-30 | 436.9 K |
As returns on the market increase, Coda Octopus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Coda Octopus is expected to be smaller as well.
Coda Fundamentals
| Return On Equity | 0.0584 | ||||
| Return On Asset | 0.0344 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | 0.25 % | ||||
| Current Valuation | 75.54 M | ||||
| Shares Outstanding | 11.2 M | ||||
| Shares Owned By Insiders | 51.02 % | ||||
| Shares Owned By Institutions | 18.87 % | ||||
| Number Of Shares Shorted | 109.16 K | ||||
| Price To Earning | 23.37 X | ||||
| Price To Book | 1.91 X | ||||
| Price To Sales | 5.35 X | ||||
| Revenue | 19.35 M | ||||
| Gross Profit | 15.19 M | ||||
| EBITDA | 2.74 M | ||||
| Net Income | 3.12 M | ||||
| Cash And Equivalents | 21.47 M | ||||
| Cash Per Share | 1.98 X | ||||
| Total Debt | 3.41 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 8.61 X | ||||
| Book Value Per Share | 4.72 X | ||||
| Cash Flow From Operations | 2.39 M | ||||
| Short Ratio | 1.50 X | ||||
| Earnings Per Share | 0.26 X | ||||
| Target Price | 11.0 | ||||
| Number Of Employees | 83 | ||||
| Beta | 0.53 | ||||
| Market Capitalization | 100.76 M | ||||
| Total Asset | 51.84 M | ||||
| Retained Earnings | (11.05 M) | ||||
| Working Capital | 37.61 M | ||||
| Current Asset | 17.58 M | ||||
| Current Liabilities | 3.62 M | ||||
| Net Asset | 51.84 M |
About Coda Octopus Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Coda Octopus Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coda Octopus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coda Octopus Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:Check out Coda Octopus Piotroski F Score and Coda Octopus Altman Z Score analysis. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coda Octopus. If investors know Coda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.222 | Earnings Share 0.26 | Revenue Per Share 1.678 | Quarterly Revenue Growth 0.12 | Return On Assets 0.0344 |
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.